The global recession continues to create new realities for students, institutions, and faculty members engaged in higher education. This blog chronicles those changes for academic / historical record purposes. Click on the URL at the end of each posting to view the complete news report.

Saturday, January 21, 2017

Even with a $3.6 billion endowment, possible budget changes from Harrisburg could mean Pitt will have to find other funding sources in the 2017-2018 fiscal year. The University uses funds from the state for teaching instruction, financial aid, student services like the wellness center and the Student Organization Resource Center, maintenance and facilities costs and administrative support. Last year, Pitt received $146.77 million from the state. This year, Pitt requested $154.11 million from the state government, which is $7.34 million more than what it received last year. But the current state of Pennsylvania’s finances — with a projected $603.8 million deficit approaching — means that there could be budget cuts. “A state cut is something we’re actually going to have to contemplate,” a recent University Times report quoted Chancellor Gallagher as saying to the University’s Senate Council Dec. 14.
http://pittnews.com/article/115189/top-stories/pitt-face-potential-budget-cuts-2017-18/